Derek will deposit $4,080.00 per year for 11.00 years into an account that earns 12.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 39.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places.

Derek will deposit $4,080.00 per year for 11.00 years into an account that earns 12.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 39.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 24P

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Derek will deposit $4,080.00 per year for 11.00 years into an account that earns 12.00%. Assuming the first deposit is
made 6.00 years from today, how much will be in the account 39.00 years from today?
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Answer format: Currency: Round to: 2 decimal places.

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